DCB Bank increases MCLR rate

4 Jun 2022 , 04:51 PM

The private sector bank revised the overnight MCLR from 8.28% to 8.51%, one month MCLR from 8.28% to 8.51%, three months MCLR from 8.98% to 9.21%, six months MCLR from 9.18% to 9.41% and one year MCLR from 9.23% to 9.46%. The revised rates will be effective from 6 June 2022. DCB Bank is a private sector bank with 400 branches across India. It is a scheduled commercial bank regulated by the Reserve Bank of India. The banks standalone net profit jumped 45.6% to Rs 113.44 crore on 7% increase in total income to Rs 1,034.71 crore in Q4 FY22 over Q4 FY21. Shares of DCB Bank fell 2.95% to close at Rs 85.50 on Friday, 3 June 2022. Powered by Capital Market – Live News